Russian trade in goods with North Korea in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with North Korea in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with North Korea

In the 4th quarter of 2017, Russia’s trade with North Korea was $3,933,077, down 84.35% ($21,191,352) from the 4th quarter of 2016.

Russia’s exports to North Korea in the 4th quarter of 2017 were $3,263,797, down 85.41% ($19,099,923) from the 4th quarter of 2016.

Russia’s imports from North Korea in the 4th quarter of 2017 were $669,280, down 75.76% ($2,091,429) from the 4th quarter of 2016.

Russia’s trade surplus with North Korea in the 4th quarter of 2017 was $2,594,517, a 86.76% decrease ($17,008,494) over the 4th quarter of 2016.

North Korea was Russia’s 148th largest trading partner in the 4th quarter of 2017 (down from 115th in the 4th quarter of 2016), accounting for 0.0024% of Russia’s total trade (down from 0.0184% in the 4th quarter of 2016).

North Korea was Russia’s 140th largest export market in the 4th quarter of 2017 (down from 100th in the 4th quarter of 2016), accounting for 0.0032% of Russia’s total exports (down from 0.0267% in the 4th quarter of 2016).

North Korea was Russia’s 133rd largest supplier in the 4th quarter of 2017 (down from 111th in the 4th quarter of 2016), accounting for 0.0010% of Russia’s total imports (down from 0.0053% in the 4th quarter of 2016).

Russia’s Exports to North Korea

The major share of Russian exports to North Korea in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Food products and agricultural raw materials (HS codes 01-24) - 50.88% of Russia’s total exports to North Korea (8.26% in the 4th quarter of 2016);

Mineral products (HS codes 25-27) - 34.67% of Russia’s total exports to North Korea (85.96% in the 4th quarter of 2016);

Chemical products (HS codes 28-40) - 10.37% of Russia’s total exports to North Korea (0.39% in the 4th quarter of 2016);

Machinery, equipment and vehicles (HS codes 84-90) - 3.10% of Russia’s total exports to North Korea (4.81% in the 4th quarter of 2016).

The largest gains in Russia’s exports to North Korea in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $22,221;

Russia’s Imports from North Korea

The major share of Russian imports from North Korea in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Machinery, equipment and vehicles (HS codes 84-90) - 19.99% of Russia’s total imports from North Korea (56.01% in the 4th quarter of 2016);

Chemical products (HS codes 28-40) - 16.59% of Russia’s total imports from North Korea (3.70% in the 4th quarter of 2016);

Textiles, textile products and footwear (HS codes 50-67) - 13.23% of Russia’s total imports from North Korea (26.70% in the 4th quarter of 2016).

The largest gains in Russia’s imports from North Korea in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

Plastics and articles thereof (HS code 39) - an increase of $101,854;

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $88,056;